Commercial
Sectors
Expertise
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Trust vs Company – What’s best for commercial property investment
When considering commercial property investment, investors often ask what’s the difference between owning property through a Trust, as opposed to a company? And what are the tax implications for both? Commercial Property Investment Through a Trust Let’s start with Trusts. By putting your assets into a Trust, you don’t own them in your name. The...
Top 5 Mistakes Made when Buying a Business
Buying a business can be an exciting opportunity – the chance to be your own boss, do work you enjoy and build something successful. However, buying an established business also involves financial, commercial and legal risks. Failing to properly investigate what you are purchasing can create problems long after the transaction is complete. If you...
GLG Legal advises Austral Resources Australia Ltd on Restructuring,...
Following their reinstatement to trading on the Australian Securities Exchange in November 2025, Austral Resources Australia Limited experienced financial and operational transformations with the legal advice from GLG Legal. The corporate advisory team, led by Managing Director Michael Hansel and supported by Practice Leader Roland Leong and Graduate Solicitor Josiah Hall, was engaged to provide...
Paying duty when buying a business
Buying a business in Queensland comes with several costs, and one of those costs is duty. It’s an issue that’s often overlooked, and if you’re a buyer from interstate, duty costs on business sales can come as a bit of a shock. New South Wales currently has nominal duty costs, and Victoria has none....
The do’s and don’ts of commercial lease agreements
Commercial leases contain important terms that define the rights and responsibilities of both landlords and tenants. Understanding clauses such as subletting, rent review and break clauses can help businesses avoid disputes and manage lease obligations more effectively. When negotiating a commercial lease, it is important to understand the essential terms that should appear in the...
What to do when a business partnership turns sour
There’s nothing better than a harmonious business partnership, and unfortunately, few things can be worse if that relationship turns sour. To avoid disputes, it’s crucial that every member of the partnership understands their responsibilities and what to do if disputes arise. Disagreements in business can happen for a few reasons, including: Profit...
Buying Australian property and business from overseas
Australia has strict rules and regulations about foreign investment. The Australian government classifies you as a foreign person if you intend to buy residential or commercial property in this country if you are not: A citizen of Australia A permanent resident of Australia A New Zealand citizen with a special category visa A permanent resident...
Why AI-Generated Contracts Are Risky for Australian Businesses
Why Australian Businesses Should Avoid AI-Generated Contracts Australian businesses are increasingly turning to artificial intelligence tools like ChatGPT to draft contracts quickly and cost-effectively. While AI can produce a polished agreement in seconds, the convenience comes with significant risks. Legal professionals across Australia warn that these tools often fail to deliver enforceable, compliant, or even...
Gasworks Case Study – Sunset Clause
In a recent decision bound to have widespread ramifications, a developer has been found to have given a notice of contract termination which was “unlawful, invalid and of no effect”. During the case (JYP Jiang Pty Ltd V CAV Gasworks Pty Ltd [2025] QSC 134), the court found the developer had wrongfully terminated an...
GLG Legal Advises Austral Resources Australia Ltd on ASX...
We are pleased to announce that our client, Austral Resources Australia Ltd (ASX: AR1), has been reinstated to trading on the Australian Securities Exchange following completion of a $40 million recapitalisation and corporate transformation. At GLG Legal, our corporate advisory team, led by Managing Director Michael Hansel and supported by Senior Associate Roland Leong and...
Share Sale vs. Asset Sale – What is the difference?
When purchasing a business, there are two primary methods to consider: a business asset sale or a share sale. Each approach has distinct legal and commercial implications, and the choice between the two will depend on the specific circumstances and objectives of the parties involved. Business Asset Sale vs. Share Sale In a business asset...
Mergers and acquisitions – what do lawyers do?
Choosing to buy, sell, acquire, or merge a business is a big financial decision, and it comes with a lot of responsibility. It’s important to have an experienced business and commercial lawyer to help you through the process. But what exactly does a solicitor do during the merger and acquisition process? Due diligence – your...